Intelligence / The verdicts / Liquidated

Liquidated companies — what an estate pays

Every company the NCLT sent into liquidation since 2017 — why no plan cleared, what the estate fetched, and what is up for auction now.

What an estate pays

3,187liquidations on record

1.6paise

per ₹1 of admitted claims, median · dissolved estates only

2,060

estates still open · 1,107 dissolved · 20 closed after a going-concern sale

Find the comparable estate

Liquidator = the CIRP professional in 1,640 of 2,907 estates where both are named

Filters and sorting open with a plan. See plans →

Showing 6 figure-bearing estates, newest order first ₹ crore

Corporate debtor

Liquidation order · time in CIRPbench · triggered by

Admitted → liq. value₹ crore

Realisedpaise per ₹1 · dissolved estates

Whyplans received · Form G rounds

Estate clockdissolved, or age since the order

Liquidator

Explore

01Navmi Steel Traders Private Limited

Dissolved Trading & Distribution

Jan 202511 mo in CIRP

₹501 Cradmitted claims

₹1.2 Crliquidation value

0 paise

Plans received, none approved

Dissolved Oct 2025

Birendra Kumar Agrawal

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§Why the rescue failed

Why liquidated: Plans received, none approved
Plans received: 1
Best plan value: ₹1.4 Cr
Best plan vs liquidation value: 113% of the liquidation value
Liquidation value: ₹1.2 Cr
Form G rounds: 1
Debtor defunct at liquidation: Yes — IBBI's liquidation record marks the corporate debtor defunct

⚒The estate · assets and auctions

Sale proceeds: ₹1.2 Cr
Amount distributed: ₹0.0 Cr
Proceeds vs liquidation value: 100.0%
Admitted claims: ₹501 Cr
Liquidation value vs claims: 0.2% of admitted claims

⇢After the order

MCA status: Dissolved under section 54 (as on 12 Jun 2026)
Claims by class (admitted): Financial ₹0.0 Cr · Operational ₹501 Cr · total ₹501 Cr · as on 19 Apr 2025
Admitted to CIRP: 12 Mar 2024
Liquidation order: 27 Jan 2025
Dissolved: 1 Oct 2025
Time in liquidation: 8 mo · 247 days, order to dissolution
Triggered by: Operational creditor

Open the full dossier →

All recorded fields · 7 more

Time in CIRP: 11 mo · 321 days, admission to liquidation order · 2 mo faster than the sector median (13 mo)
NCLT bench: Mumbai
Admitted claims band: ₹250–1,000 Cr
Liquidator continuity: a different professional was appointed liquidator
Liquidator source: per the IBBI register, 5 Oct 2026
Resolution professional: Birendra Kumar Agrawal
Liquidation order (PDF): liquidation order ↗

02Pooja Soya Industries Private Limited

Dissolved Food & Agro

Jan 202515 mo in CIRP

₹7.1 Cradmitted claims

₹0.1 Crliquidation value

0 paise

No plan received

Dissolved Jan 2026

Amit Chopra

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§Why the rescue failed

Why liquidated: No plan received
Plans received: 0
Liquidation value: ₹0.1 Cr
Form G rounds: 1
Debtor defunct at liquidation: No — the debtor was not marked defunct

⚒The estate · assets and auctions

Sale proceeds: ₹0.0 Cr
Amount distributed: ₹0.0 Cr
Proceeds vs liquidation value: 57.1%
Admitted claims: ₹7.1 Cr
Liquidation value vs claims: 1.0% of admitted claims

⇢After the order

MCA status: Under Liquidation (as on 12 Jun 2026)
Claims by class (admitted): Financial ₹2.0 Cr · Operational ₹5.1 Cr · total ₹7.1 Cr · as on 16 Jun 2025
Admitted to CIRP: 19 Oct 2023
Liquidation order: 22 Jan 2025
Dissolved: 30 Jan 2026
Time in liquidation: 12 mo · 373 days, order to dissolution
Triggered by: Financial creditor

Open the full dossier →

All recorded fields · 7 more

Time in CIRP: 15 mo · 461 days, admission to liquidation order
NCLT bench: Indore
Admitted claims band: under ₹50 Cr
Liquidator continuity: a different professional was appointed liquidator
Liquidator source: per the IBBI register, 5 Oct 2026
Resolution professional: Amit Chopra
Liquidation order (PDF): liquidation order ↗

03Gati Infrastructure Bhasmey Power Private Limited

Dissolved Trading & Distribution

Dec 20241y 7mo in CIRP

₹841 Cradmitted claims

₹48.9 Crliquidation value

6.1 paise

—

Dissolved Mar 2026

Medarametla Srinivasa Mano Ranjani

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§Why the rescue failed

Liquidation value: ₹48.9 Cr
Form G rounds: 3

⚒The estate · assets and auctions

e-auction notices: 1 notice · latest 11 Apr 2025
Auction platform: eBKray
Latest auction notice: notice ↗
Sale proceeds: ₹54.3 Cr
Amount distributed: ₹51.2 Cr
Proceeds vs liquidation value: 110.9%
Admitted claims: ₹841 Cr
Liquidation value vs claims: 5.8% of admitted claims

Assets offered

Sale as a going concern - Company as a whole

⇢After the order

MCA status: Under Liquidation (as on 12 Jun 2026)
Orders after the liquidation order: 1
Latest order after the liquidation order: 12 Mar 2026 · NCLT · Others order ↗
Admitted to CIRP: 24 Apr 2023
Liquidation order: 6 Dec 2024
Dissolved: 26 Mar 2026
Time in liquidation: 16 mo · 475 days, order to dissolution
Triggered by: Financial creditor

Open the full dossier →

All recorded fields · 7 more

Time in CIRP: 1y 7mo · 592 days, admission to liquidation order · 7 mo slower than the sector median (13 mo)
NCLT bench: Hyderabad
Admitted claims band: ₹250–1,000 Cr
Liquidator continuity: a different professional was appointed liquidator
Liquidator source: per the IBBI register, 5 Oct 2026
Resolution professional: Medarametla Srinivasa Mano Ranjani
Liquidation order (PDF): liquidation order ↗

04Ajit Solar Private Limited

Dissolved Power & Energy

Sep 20245y 4mo in CIRP

₹21.2 Cradmitted claims

₹4.6 Crliquidation value

0.4 paise

No plan received

Dissolved Feb 2026

Bihari Lal Chakravarti

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§Why the rescue failed

Why liquidated: No plan received
Plans received: 0
Liquidation value: ₹4.6 Cr
Form G rounds: 6
Debtor defunct at liquidation: No — the debtor was not marked defunct

⚒The estate · assets and auctions

e-auction notices: 1 notice · latest 23 Jun 2025
Auction platform: eBKray
Latest auction notice: notice ↗
Sale proceeds: ₹0.8 Cr
Amount distributed: ₹0.1 Cr
Proceeds vs liquidation value: 18.1%
Admitted claims: ₹21.2 Cr
Liquidation value vs claims: 21.8% of admitted claims

Assets offered

Plant and Machinery

⇢After the order

MCA status: Under Liquidation (as on 12 Jun 2026)
Orders after the liquidation order: 2
Latest order after the liquidation order: 26 May 2026 · NCLT · Sale as a going concern order ↗
Claims by class (admitted): Financial ₹0.3 Cr · Operational ₹5.3 Cr · total ₹5.5 Cr · as on 16 Aug 2022
Admitted to CIRP: 26 Apr 2019
Liquidation order: 11 Sep 2024
Dissolved: 24 Feb 2026
Time in liquidation: 17 mo · 531 days, order to dissolution
Triggered by: Financial creditor

Open the full dossier →

All recorded fields · 7 more

Time in CIRP: 5y 4mo · 1,965 days, admission to liquidation order · 4y 1mo slower than the sector median (15 mo)
NCLT bench: Jaipur
Admitted claims band: under ₹50 Cr
Liquidator continuity: a different professional was appointed liquidator
Liquidator source: per the IBBI register, 5 Oct 2026
Resolution professional: Bihari Lal Chakravarti
Liquidation order (PDF): liquidation order ↗

05Prana Studios Private Limited

Dissolved Hospitality & Leisure

Jul 202410 mo in CIRP

₹41.4 Cradmitted claims

₹0.0 Crliquidation value

0 paise

No plan received

Dissolved Jan 2026

Dhiren Shantilal Shah

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§Why the rescue failed

Why liquidated: No plan received
Plans received: 0
Liquidation value: ₹0.0 Cr
Form G rounds: 1
Debtor defunct at liquidation: Yes — IBBI's liquidation record marks the corporate debtor defunct

⚒The estate · assets and auctions

Sale proceeds: ₹0.0 Cr
Amount distributed: ₹0.0 Cr
Proceeds vs liquidation value: 0.0%
Admitted claims: ₹41.4 Cr
Liquidation value vs claims: 0.0% of admitted claims

⇢After the order

MCA status: Under Liquidation (as on 12 Jun 2026)
Claims by class (admitted): Financial ₹8.4 Cr · Operational ₹33.0 Cr · total ₹41.4 Cr · as on 9 Jan 2025
Admitted to CIRP: 8 Sep 2023
Liquidation order: 2 Jul 2024
Dissolved: 5 Jan 2026
Time in liquidation: 1y 6mo · 552 days, order to dissolution
Triggered by: Operational creditor

Open the full dossier →

All recorded fields · 7 more

Time in CIRP: 10 mo · 298 days, admission to liquidation order
NCLT bench: Mumbai
Admitted claims band: under ₹50 Cr
Liquidator continuity: a different professional was appointed liquidator
Liquidator source: per the IBBI register, 5 Oct 2026
Resolution professional: Dhiren Shantilal Shah
Liquidation order (PDF): liquidation order ↗

06Transtreasure Services (India) Private Limited

Dissolved Other Services

May 20249 mo in CIRP

₹104 Cradmitted claims

₹0.4 Crliquidation value

0 paise

Plans received, none approved

Dissolved Jul 2025

Rajiv Bajaj

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§Why the rescue failed

Why liquidated: Plans received, none approved
Plans received: 1
Best plan value: ₹0.5 Cr
Best plan vs liquidation value: 132% of the liquidation value
Liquidation value: ₹0.4 Cr
Form G rounds: 1
Debtor defunct at liquidation: Yes — IBBI's liquidation record marks the corporate debtor defunct

⚒The estate · assets and auctions

e-auction notices: 2 notices · latest 13 Dec 2024
Auction platform: auctiontiger.in
Latest auction notice: notice ↗
Sale proceeds: ₹0.0 Cr
Amount distributed: ₹0.0 Cr
Proceeds vs liquidation value: 0.0%
Admitted claims: ₹104 Cr
Liquidation value vs claims: 0.4% of admitted claims

Assets offered

Sale of company as going concern without assets

⇢After the order

MCA status: Dissolved under section 54 (as on 12 Jun 2026)
Claims by class (admitted): Financial ₹0.0 Cr · Operational ₹104 Cr · total ₹104 Cr · as on 20 Jul 2024
Admitted to CIRP: 7 Aug 2023
Liquidation order: 21 May 2024
Dissolved: 25 Jul 2025
Time in liquidation: 14 mo · 430 days, order to dissolution
Triggered by: Operational creditor

Open the full dossier →

All recorded fields · 7 more

Time in CIRP: 9 mo · 288 days, admission to liquidation order · 5 mo faster than the sector median (14 mo)
NCLT bench: Mumbai
Admitted claims band: ₹50–250 Cr
Liquidator continuity: the resolution professional continued as liquidator
Liquidator source: per the IBBI register, 5 Oct 2026
Resolution professional: Rajiv Bajaj
Liquidation order (PDF): liquidation order ↗

MembersMembers also see how recoveries spread, where the time goes, and the medians by claim size, sector, bench, year, who filed and whether the debtor was still trading.See plans →Sign in

E-auctions scheduled on liquidation estates — 82 ahead

1,428 estates carry e-auction notices · 10,002 notices to 16 Oct 2026Reserve prices are on each notice, not reproduced hereAll auctions →

23 Oct 2026 · EMD by 21 Oct 2026

Divya Agro Chem Private Limited

Lot, location, notice

Sale of Factory Land & Building with furniture and Fixtures

Mahad, Maharashtra · eBKray · Other Manufacturing · notice ↗

23 Oct 2026 · EMD by 21 Oct 2026

Future Retail Limited

Lot, location, notice

PPE, FURNITURE AND FIXTURES

MAHARASHTRA · eBKray · 5 lots ahead · Trading & Distribution · notice ↗

23 Oct 2026 · EMD by 21 Oct 2026

Grids Steel & Alloys Limited

Lot, location, notice

Land and Building and Plant and Machinery

Kapursing, PO: Oranda, Sub-Division: Athagarh, PS: Gurudijhatia, Cuttack - 754029,Odisha · eBKray · Other Manufacturing · notice ↗

23 Oct 2026 · EMD by 21 Oct 2026

Hindustan Photo Films Mfg Co Limited

Lot, location, notice

Building demolition and debris clearance (Lots 1 and 3); obsolete plant, machinery and waste (Lots 1 and 2)

Indu Nagar, Ootacamund, The Nilgiris - 643005 · eBKray · Machinery & Equipment · notice ↗

23 Oct 2026 · EMD by 21 Oct 2026

IVRCL Limited

Lot, location, notice

Category B-Sale of Investments of the CD (In case no bids are received for auction under Category A) Asset Set 2 - Sale of Investments of the CD in Salem Tollways Limited (SPV) being part of assets of the CD on "AS IS WHERE IS", "AS IS WHAT IS", "WHATEVER THERE IS" AND "WITHOUT RECOURSE BASIS"

Tamil Nadu · eBKray · 5 lots ahead · Construction & Infrastructure · notice ↗

23 Oct 2026 · EMD by 21 Oct 2026

Kohinoor Ginning and Pressing Private Limited

Lot, location, notice

Option A: the whole undertaking sold as a slump sale under Regulation 32(b)

Ghogargaon village, Shrigonda taluka, Ahilyanagar district, Maharashtra · eBKray · 3 lots ahead · Textiles & Apparel · notice ↗

Liquidation ordered since 30 Jun 2026 — 80 companies

Ordered 14 Oct 2026Sri Krishna Stockist &Traders Private LimitedNCLT Amaravati · Trading & Distribution Ordered 13 Oct 2026Shree Badri Kedar Udyog Private LimitedNCLT Kolkata · Trading & Distribution Ordered 12 Oct 2026Ishh Raj Silicon Private LimitedNCLT Jaipur · Mining Ordered 12 Oct 2026Sundha Road Developers Private LimitedNCLT Jaipur · Construction & Infrastructure Ordered 9 Oct 2026Shri Vaijanath Industries Private LimitedNCLT Mumbai · Other Services Ordered 7 Oct 2026Rainbow Papers LimitedNCLT Ahmedabad · Other Manufacturing

Members74 more liquidation orders since 30 Jun 2026, each with its clock, Form G rounds, auction notices and liquidator — on Pipeline and the Full Investor Desk.See plans →Sign in

The liquidations everyone cites

Lanco Infratech LimitedConstruction & Infrastructure · 7 plans received, none approved

₹53,451 Cr admittedordered Aug 2018 · still open

Open dossier →

Future Retail LimitedTrading & Distribution · 1 plan received, none approved

₹28,452 Cr admittedordered Jul 2024 · still open

Open dossier →

ABG Shipyard LimitedMachinery & Equipment · 1 plan received, none approved

₹19,317 Cr admittedordered Apr 2019 · still open

Open dossier →

See all landmark cases →

As of IBBI liquidation and final-report tables to 30 Jun 2026 · NCLT/NCLAT orders to 15 Oct 2026 · e-auction notices to 16 Oct 2026 · MCA as on 12 Jun 2026 · voluntary liquidations reported apart.

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